You are on page 1of 1

Shriram Life Insurance in India

Shriram Life Insurance, made profits in the first three consecutive years - becoming the only private
life insurer to have achieved the distinction. Compared to industry peers after 10 years of operation,
Shriram Life insurance was the most profitable life insurance company in the country. The companys
performance stands out in efficient use of capital and low cost of operations. In line with group
philosophy, Shriram Life has significantly focussed on Inclusive growth by taking life insurance to the
section where it is needed the most The AAM AADMI (Common Man). The Founders have always
maintained a firm focus in the rural market since they put their first step in 1974 towards building the
group.
The standing committee of Parliament on Insurance, Headed by Honourable member of Rajya-Sabha
Dr. Maya Singh has applauded Shriram Lifes sincerity towards business through socially weaker
segment and policies sold in rural areas. Shriram Life generates more than 40% of its business
through the segment, again a confirmation of the business model. The company also has an
outstanding Underwriting Record; Underwriting Profits have emerged every year without a break.
Shriram Life was awarded the best Underwriting Initiative of the Year at Stars of the Industry
awards by 94.3 My FM for innovation in relaxing the underwriting standards to suit the customer
base. The Company is poised to make further growth and achieve bigger milestones in the years to
come.

You might also like